US President Joe Biden delivered his final State of the Union address before November’s presidential election on Thursday night, in a pugnacious speech to a joint session of Congress aimed at jump-starting his re-election bid and laying out his legislative agenda. The Democratic president made no explicit mention of his likely Republican opponent, Donald Trump.
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There is a lot to be said for low expectations. Proof that Joe Biden cleared them was that his State of the Union speech was criticised by opponents for being too “amped up”. That is
Second-home owners looking to sell a property, middle earners with children, investors with a spare £5,000 and, potentially, people moving overseas for at least a decade are among the few who gained from this week’s Budget. Pensioners, owners of furnished holiday lets, “non-doms” and the wealthy will all see their finances take a hit from
I’m hard-pressed thinking of what chancellor Jeremy Hunt could have said on Wednesday that would have made me cut short a mountain bike ride in the South Downs in order to ring my stockbroker. Indeed, save for the introduction of pension tax limits in 2006, I struggle to remember any British government decision that affected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Last week, a New York Times poll showed President Joe Biden leading Donald Trump by just 56 points to 44 among non-white Americans, a group he won by almost 50 points when the two men
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK asset manager Jupiter is considering dumping £1bn of holdings in its own funds as one of its star managers prepares to leave the company. David Lewis, a manager of Jupiter’s Merlin range, which invests
Wealthy foreigners have expressed anger and “dismay” at chancellor Jeremy Hunt’s decision to abolish the colonial era “non-dom” regime that allowed them to avoid paying tax on overseas income. The system, which dates back more than 200 years, allows people with their permanent home or “domicile” overseas to avoid paying UK tax on their foreign
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is part of the FT’s Financial Literacy and Inclusion Campaign Just when you thought your child-rearing years were behind you, the UK’s childcare crisis comes along to take another bite out of the more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. [embedded content] Joe Biden called on Congress to “stand up” to Russian President Vladimir Putin as he opened his annual speech to Congress with a plea to support Ukraine and criticism of Donald Trump for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Instagram overtook TikTok in new app downloads last year, with the US photo-sharing platform’s growth powered by copying its Chinese rival’s success with short-form videos. Instagram’s total number of app downloads grew 20 per cent
Rupert Murdoch, who will turn 93 next week, is engaged to be married again less than a year after calling off his last engagement. According to a person familiar with the matter, Murdoch will marry Elena Zhukova, a retired scientist. The wedding, set for June 1 at Murdoch’s Bel Air vineyard, would be his fifth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has wound down a scheme that delivered an extra £200mn a year for social housing in England, in a controversial move that will further squeeze the finances of cash-strapped local councils. The chancellor’s
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The UK Treasury has warned that Labour’s planned tax raid on private equity chiefs could cost more money than it brings in because of the risk of capital flight. The department’s analysis estimates that increasing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve is “not far” from having the confidence to start cutting interest rates, its chair Jay Powell has said, bolstering hopes that the central bank will lower borrowing costs in the coming months.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Should UK company bosses be paid more like their US counterparts? Concerned about their ability to attract and retain talent and Britain’s corporate competitiveness, many boards and investors are now increasingly willing to benchmark executive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US will set up a port on the Gaza coast for large ships carrying humanitarian supplies, senior administration officials said on Thursday, following weeks of frustration over Israel’s failure to allow more aid into
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How far should regulators go in dictating the basic designs of some of the most widely used tech products and services? The adoption of the EU’s Digital Markets Act, which came into force this week,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has said it will continue negotiations to release Israeli hostages and halt its war with Israel, even as its representatives left talks in Cairo without a breakthrough, underscoring the difficulty of reaching a deal.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has brought a High Court action to disqualify Lex Greensill as a director, court records show. The action brought on Thursday came after the Insolvency Service recently completed an investigation into the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The woman who accused Red Bull Racing chief Christian Horner of inappropriate behaviour has been suspended from her role at the Formula One team, according to a person with direct knowledge of the matter. Her